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Employee Benefits Program

Workers unprepared for financial impact of disabilities

Most Canadian workers would suffer severe financial hardship if they were forced out of work with a disability.

In fact, 76% believe that should they become disabled and unable to work for three months, there would be serious financial implications for their family, such as significant debt or an impact on retirement plans, finds an RBC Insurance survey.

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Group Insurance – Only Part of the Solution

Ownership of individual life insurance at its lowest level in 30 years

The Life Insurance and Market Research Association (LIMRA) 2013 study shines a light on a developing problem for Canadian households:

  • Individual ownership of life insurance was at its lowest level in 30 years;
  • 3 in 10 households did not have individual life insurance at all;
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What you may not know about supplemental health insurance

By Anne Levy-Ward, for BrighterLife.ca

It’s easy to understand the importance of protecting ourselves and our families – we wear seatbelts, for example, because we understand how they keep us safe in case we’re in a car crash. We have medical checkups because we understand how our doctors can take action when they spot health problems.

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Understanding Depression

Depression is a common illness that can be overcome

When it comes to understanding the prevalence of depression, the statistics speak for themselves. Experts say that 5% to 12% of all men will experience an episode of major depression at some point in their lives. The statistics are even worse for women, at 10% to 25%. At this very moment, hundreds of thousands of Canadians are suffering from depression. Unfortunately, many of them will never be diagnosed.

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Coping with a loved one’s critical illness

The future might look bleak, but you need to move forward

We cope with all sorts of stressors every day, but when a loved one is diagnosed with a critical illness, it’s normal to feel overwhelmed. It’s hard to cope with this kind of news, not only because we want our loved one to be healthy, but also because, on a personal level, it reminds us of our own mortality.

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Trends in health benefits for retirees

Since the late ’90s there has been a growing shift away from employers providing group health and dental coverage for retirees. Increasing healthcare costs, provincial de-listing of services, an aging population and changes to accounting rules are the main culprits that are eroding coverage for post-employment.

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Are You Using Your Benefits?

It’s a new year and a new opportunity to tap those benefits for everything they’re worth.

By: Gail Vaz-Oxlade for MoneySense

I’ve been self-employed since I was 25-years-old—read: “no benefits.” For years I’ve listened to people talk about how great it is to work for a company “with benefits.” So I’m sometimes a little surprised to see the very people who crow about having access to the extras do very little to take advantage of them. Do you have a benefit plan where you work? Are you using all the stuff you could be using to your advantage?

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